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THE COMPLETE CORPORATE BANKRUPTCY IN CANADA GUIDE: WHAT EVERY BUSINESS OWNER NEEDS TO KNOW

Corporate bankruptcy in Canada: Introduction Are you a business owner with company financial difficulties and apprehensive about the possibility of corporate bankruptcy and is it something that you will have to seriously consider? Corporate bankruptcy in Canada process can be complex and overwhelming, but understanding it is necessary for making authoritative decisions about your business. […]

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CORPORATE BANKRUPTCY FAQ: USE OUR HACK TO SOLVE YOUR CHALLENGING INSOLVENT COMPANY ISSUES

Corporate bankruptcy: An overview Corporate bankruptcy is a legal process by which businesses can reorganize their financial affairs or liquidate their assets. Although bankruptcy can be complicated and stressful, it can provide businesses with a fresh start. When it does happen, the corporate bankruptcy process can be complicated. Insolvency can take a toll on your […]

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DECLARING BANKRUPTCY: REAL ESTATE COMPANY LOSES CHALLENGE ON CORPORATE BANKRUPTCY APPEAL

Declaring bankruptcy:  Business insolvency When the corporate finances are such that the business has an insufficient cash flow to cover its operating expenses and pay its debts when they come due, these financial difficulties create the financial condition of insolvency for the business. Another indicator of insolvency often exists at the same time: if you […]

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RESTRUCTURING OF COMPANY: SOMETIMES AN UNPOPULAR CORPORATE BANKRUPTCY IS NEEDED TO RESTRUCTURE YOUR COMPANY TO IMPROVE PROFITS

restructuring of company  We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc. is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. Restructuring of company introduction Following its bankruptcy, Canadian retailer Le Château […]

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BANKRUPTING A LIMITED COMPANY: CANADIAN CORPORATE BANKRUPTCY PROCESS

  Bankrupting a limited company – Introduction Last week I spoke about voluntary filing an assignment in bankruptcy for an individual.  The personal bankruptcy process in Canada. This week I want to describe the process for bankrupting a limited company; the complete guide to the Canadian corporate bankruptcy process. Bankrupting a corporation – First steps So […]

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CORPORATE BANKRUPTCY IN CANADA: SADLY IN E-COMMERCE TAXLAND

Corporate bankruptcy in Canada: Introduction A brand-new report from PwC Canada discloses that in 2018, Canadians anticipate spending an average of $1,563, up 6.7% over last year. Men are expected outspend women by almost $400.  That got me to start thinking about what the most complex issue for corporate bankruptcy in Canada is when an […]

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330 UNIVERSITY AVENUE: CORPORATE BANKRUPTCY COURT TORONTO SECRETS EXPOSED FROM THE CANADA LIFE BUILDING

330 University Avenue:  Introduction On the west side of University Avenue and immediately north of Queen Street, lies 330 University Avenue, in Toronto’s core. This University Ave. building is known as the Canada Life Building.  Work on the building began in 1929 for the brand-new head office of the Canada Life Assurance Company and it opened […]

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CAN YOU FILE PERSONAL AND CORPORATE BANKRUPTCY? SMALL BUSINESS OPTIONS

Can you file personal and corporate bankruptcy:  Introduction Can you file personal and corporate bankruptcy is a question all small business owners ask us when they come to our office for a free consultation.  We discuss local business bankruptcy with entrepreneurs in our office. Their personal and business lives are intertwined.  There’s very little distinction […]

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CORPORATE BANKRUPTCY SERVICES: WHO WILL GET ON THE 2016 LIST?

Which industries may require corporate bankruptcy services in 2016? Canada and Canadians are facing serious economic challenges, and certain industries have been much harder hit than others. Oil and gas, automotive and construction have taken the biggest hit and there are no clear signs of recovery any time soon. They may very well require corporate […]

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HOW ARE IDENTITY THEFT AND CORPORATE BANKRUPTCY RELATED?

Identity theft definition Identity theft and fraud are terms used to refer to all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain[1]. When we think of identity theft we have images of shady characters lurking in the […]

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